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Bid Deadline: July 10, 2023, at 5:00 pm Central Daylight Time

Deal Genius, LLC (”Deal Genius”), a retailer of consumer goods and other products, has entered an Assignment for the Benefit of Creditors with Moglia Advisors (the “Assignee”). The Assignee is operating the business, primarily on-line and through two leased locations, and will sell the assets (the “Assets”) at public auction in a single lot consisting of, but not limited to, clothes, housewares, tools, lawn and garden goods, toys, trade secrets, trademarks, domains, and copyrightable information.

Simultaneously and jointly with the Assignee’s sale of the Assets, the senior secured creditor of Deal Genius will sell its collateral to enable the purchaser of the Assets to acquire them free and clear of liens discharged by such sale under Article 9 of the Uniform Commercial Code.

Process Overview

  1. The Assignee will provide a form asset purchase agreement to interested parties who have executed a non-disclosure agreement.
  2. Qualified bids must be received by the Assignee by 5 PM CDT, on July 10, 2023.
  3. The auction will occur at 10 AM CDT, on July 12, 2023, at 1375 Remington Road, Suite I, Schaumburg, IL 60173, or at another suitable location as determined by the Assignee.
  4. The winning bidder must be prepared to close and fund the purchase by noon CDT, on July 13, 2023.

The Assets are being sold on “AS IS, WHERE IS” basis, without representations or warranties of any kind, and not subject to any contingencies.

For more information, please contact:

MOGLIA ADVISORS: Alex Moglia at [email protected]; or Nate Jones at [email protected],

Phone: (847) 884-8282; Fax: (847) 884-1188

About DailyDAC

DailyDAC™ is the internet's oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, assignees for the benefit of creditors, auctioneers, and secured parties disposing of their collateral under the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.

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The DailyDAC Editors